Synlait goes 'conservative' with new season's milk price

(Image: NZME)

Fri, 31 May 2024

Debt-laden Synlait Milk will open the dairy season with a “conservative” milk price forecast similar to Fonterra’s.The dual-listed milk processor issued its forecast price for the 2024/25 season, beginning on Saturday, at $8 a kilogram of milksolids (kgMS).That is in line with Fonterra’s forecast midpoint. The co-op, however, has a range of between $7.25/kgMS and $8.75/kgMS.Synlait’s forecast is a 20c increase on its current price for the outgoing season.On Friday, it said the company had taken a “conservativ...

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